Chapter 07 Homework Saved 8 Dome Metals has credit sales of $504,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay. 0 points a. What is the average receivables balance? (Use a 360-day year.) Average receivables balance eBook Hint Print References b. What is the receivables turnover? (Use a 360-day year.) Receivables turnover times